785300+ entries in 0.501s
PierreCPA: so
that firewall slows
things down
PierreCPA: agreed, problem is
there can be no overlap between accountants serving large companies (and
these are generally
the high quality accountants), and accountants serving Bitcoin non-SEC listed companies, due
to liability
mircea_popescu: and
the actual clients, of course, but
that's slowly coming into place.
mircea_popescu: you need
to be in
the wot and have a reputation before you'll get demand from any clients
mircea_popescu: i
think
tho
the consolidation of subsidiaries can be done easily by a) disalowing unlisted subsidiaries and b) mark
to market.
mircea_popescu: hopefully more of
that stuff can go in as more of your profession start being available for
the corps
to do
the stuff.
PierreCPA: mircea_popescu reasonable approach. It does remove
the BS parts of GAAP, but it also does not address complex issues like consolidation of partially owned subsidiaries, revenue recognition for installment contracts, etc...
benkay: ah, sorry? as in
taking
the burn for not spending btc at
the right
time?
mircea_popescu: the executive leadership is for
taking
the burns once it blows up
BingoBoingo: mircea_popescu: But you can feed devs pouridge and give it a fancy name like Soylent, its rather cheap.
The zoo's Lions would be malnourished.
benkay: naively, at
the last possible moment. more sophisticatedly, at
the right
time.
benkay: this is what executive leadership is for. deciding when
to burn
the btc.
mircea_popescu: benkay either
that or "sorry, but we had
to spend it eventually"
benkay: well in
three months
time it'll be back
to 'aha aren't you glad we didn't spend anything' again
nubbins`: nasty mining is, i believe, still a
thing
BingoBoingo: mircea_popescu: You finally bought
the Eve devs?
benkay: oh minigame's looking
to burn some cash?
mircea_popescu: moreover, an important point
to be considered is
that
the real assets of btc corps act as an absolutel bottom in
the btc exchange.
benkay: "you can raise it, but now you have
to spend it optimally"
mircea_popescu: "oh if only we had spent btc at 1200
to acquire real goods now worth 2x in btc"
truffles: benkay is
that answer
to my ? ^^
mircea_popescu: benkay speaking of
that discussion,
this month is quite
the reverse.
deadweasel: until
they fill with your blood and screw into your flesh
deadweasel: never see
these, gotta look everywhere, because
they have numb bites.
deadweasel: lyme
ticks here have evolved
to stay active in winter..
deadweasel: haven't had
to do it. nice
to have it all ready in case of freak outbreak of something new. 3 weeks
to a new phage, give or
take.
deadweasel: you
talking about bacteriophage, right?
deadweasel: i
think antibiotics killed
the lyme, im' got post-lyme disease syndrome, immune systems continues
to battle invisible enemies
deadweasel: i hadn't saved a gif link in years.
that ws
too good
Jere_Jones: Oh, I am not of
the belief
that
they have every dollar
they should. I am just of
the belief
that I'll be able
to get my coin out before
the bottom falls out.
truffles: what about problems outside of
their control
Jere_Jones: It is based on what I know of MtGox's backend,
the
transactions
that are getting stalled, and how easy it would be
to write a system
to cause
those problems.
mircea_popescu: how long does
the average incompetent lotto winner
take
to be broke ? eh ?
Jere_Jones: No contingency. Just a belief
that
the problems are
technical, not solvency. From what I can
tell, mtgox is incompetent, not broke.
PierreCPA: thank you, I was going
to sit back and lurk but had
to ask
that haha
PierreCPA: Do you have a contingency plan if
they go enter into bankruptcy? You have experience with
the Japanese bankruptcy system and creditor claims?
mircea_popescu: yeah, and
then what's
the op
to do ? you get
the goxbtc and claim you didn't.
Jere_Jones: The escrow would hold
the btc I send until I confirm receipt of
the goxBTC.
mircea_popescu: also, you need someone with a gox acct
to escrow for you neh ?
mircea_popescu: that is possibly
the most insane
thing i heard ever since i heard of people "buying pirate debt"
Jere_Jones: I have coins
that I don't need available immediately.
benkay: you must have coins
to burn.
benkay: wow
that's a bold position
Jere_Jones: I'm looking
to swap some real btc for gox btc as I believe
that, eventually, I will be able
to withdrawl.
benkay: mircea_popescu relevant posts updated.
thanks for
the proofing ;)
benkay: w/r/t proofing mircea_popescu, i learned from you
to just write
the
thing, post it, and come back and
tweak it if necessary later
mircea_popescu: talk about graceful degradations :
tweets including references
to #bitcoin-assets are auto-hashtagged "bitcoin" because
that's how
their parser works.
Dimsler: only way
to become rich
these days is
to steal it
Duffer1: i don't want stuff or
things, i just want my mom
to retire
duduqa: "<mircea_popescu> but
today ?! what difference does it make, 99% of all derps live in
the same exact conditions anyway" -
this
mircea_popescu: but
today ?! what difference does it make, 99% of all derps live in
the same exact conditions anyway
B007: it is
the new
trend
B007: I'm going
to go play games
mircea_popescu: "Their roulette is
technically provably fair and
they are publishing complete results from previous day. But
they are cheating in such naive way
that
they simply change outcome of roulette game when needed and later in published results from previous day
they show different outcome, which is correct one but was not used."
ozbot: Beware: Bitcoin casino is cheating, changes outcome of
their roulette
B007: mircea_popescu: I
think
then you just die from a dictionary
benkay: nasty mining is still a
thing, innit? can't say as I've gotten much past april 2012
mircea_popescu: by
the
time you're done with
that you're rich already and don't even know when you bought copumpkin a new bionic girlfriend/maid.
mircea_popescu: benkay nothing because iirc i was holding
the whole load.
benkay: but BS&T did fail
to issue
the number of promised bonds, and you were relieved of your obligation were you not?
mircea_popescu: the
thing opened, all full of
trepidation, abunch were bought
mircea_popescu: benkay "Predictably1, BS&T failed
to issue
the number of bonds
they'd committed
to, and Popescu was relieved of his obligation
to pay out on
the above synthetics."
mircea_popescu: they really seemed like
they're competent for a while.
mircea_popescu: and meni rosenfeld moved on
to
to obscure
turd pushing with what was going
to become bitdaytrade
mircea_popescu: after
the synth price normalised and soon enough it was in
the shitter.
mircea_popescu: because
that's what counted for a market back
then, a buncha forum
tards being friendly
mircea_popescu: anyway, in
the case
there : at
the
time
the difficulty had gone up maybe 50% over 3 months,
the dividends were mostly absent and
the
thing still
traded "At price"
mircea_popescu: there's some schmuck from
the early days plainly stating it in some
thread, "the ipo is not for investors
to make money but for
the company
to make money" or somesuch.
mircea_popescu: of
the sort
that bubble up even
today, with
the braindamaged "trading closed for ipo" nonsense.